Why is Buffett buying GE and not these 20 cent dollar mortgage assets?

cuz he ain’t stupid? leave the stupidity to our fine government.

Warren is a charitable guy, and a great investor… that doesn’t make him a charitable investor.

virginCFAhooker Wrote: ------------------------------------------------------- > cuz he ain’t stupid? leave the stupidity to our > fine government. Does GE have .20 investments? Will they sell them?

CNBC (everyone’s favorite) reported that Buffett said that he would buy 1% of the MBS if the treasury bought them at market price.

He’s not buying bad debt because he can’t get financing to do it on the right terms. He said with the government’s ability to raise capital and their cost of capital make them an ideal buyer.